Stellantis announced two more substantial projects in Italy that are part of its industrial line-up. These are meant to move the company's global electrification value chain forward and help it meet its ambitious goals for cutting carbon emissions.
Stellantis and its joint venture partner Punch Powertrain signed a new agreement to speed up the production of the next generation of electrified dual-clutch transmissions (eDCT) for Stellantis hybrid and plug-in hybrid electric vehicles. This is to meet the growing demand for electric cars and the ambitious goals of the Dare Forward 2030 strategic plan. The new and improved building will be part of the Mirafiori complex in Turin, Italy. It will add to the capacity in Metz, France.
The company also said its leading circular economy center would be in the Mirafiori complex. Stellantis will start with three activities for the sustainable use of vehicles and parts: vehicle overhaul, vehicle disassembly, and parts remanufacturing. The goal is to grow this business even more around the world. The deal adds to what the company can already do and is essential to Stellantis's strategic plan for its Circular Economy business. This aims to make four times as much money from parts and services that last four times as long and ten times as much money from recycling by 2030. (compared to 2021).
"Today's announcements show how much we care about Italy and how good we are at making decisions. We're doing this to get ready for the global changes that are coming to our industry as we try to reach our Dare Forward 2030 goals," said Carlos Tavares, CEO of Stellantis. "I am very grateful to everyone who worked on finalizing and putting these plans into action. We hope to become a sustainable mobility technology company with the ambitious goal of achieving net-zero carbon emissions before the competition."
Stellantis and Punch Powertrain have a 50/50 joint venture called e-Transmissions Assembly. It makes and sells game-changing eDCTs for the company's next-generation hybrid and plug-in hybrid electric vehicle (PHEV) models. This helps Stellantis add more brands offering clean, safe, and affordable solutions to continue electrifying.
The new factory for making e-gear in Mirafiori should start making things in the second half of 2024. When both plants in Mirafiori, Italy, and Metz, France, are running at full speed, they will be able to supply all Stellantis manufacturing sites in Europe.
Stellantis's Circular Economy business unit is one of the seven value-added business units announced in the Dare Forward 2030 roadmap. It is a 360-degree business based on the 4Rs strategy: repair, reuse, remanufacture, and recycling. It will make more than 2 billion euros in sales as a separate business unit in 2030.
The announcement confirms that the Mirafiori complex will be the leading global center for the circular economy when it opens in 2023. Stellantis will be able to grow its current operations and support its cradle-to-cradle business model in Europe thanks to this operation. In the future, there will be more news about how people worldwide can help Stellantis.
At a meeting in March 2022 with the Piedmont Region, the City of Turin, and the Turin Industrial Association, Stellantis reaffirmed its commitment to Italy to improve its performance and, in particular, to the Piedmont Region to strengthen the "Turin Manufacturing District," which these two entities would own. The "Turin Manufacturing District" is a center for making cars, where electric vehicles are being developed and where famous Italian brands get their designs produced.
Stellantis has spent over 5 billion euros in the last four years on new products and production facilities at its sites in Italy. The company also offers training with the goal of reskilling and upskilling employees. It also continues to work closely with the Politecnico di Torino, which has led to creating a campus for design and sustainable mobility in the Mirafiori area.